UCYB vs. UVXY
UCYB (ProShares Ultra Nasdaq Cybersecurity) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - UCYB is a Leveraged Equities fund tracking the Nasdaq CTA Cybersecurity Index (200%), while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. Over the past 5 years, UCYB returned 10.93%/yr vs -66.99%/yr for UVXY. At a correlation of -0.51, they often move in opposite directions. UCYB charges 0.97%/yr vs 0.95%/yr for UVXY.
Performance
UCYB vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, UCYB achieves a 27.14% return, which is significantly higher than UVXY's -24.94% return.
UCYB
- 1D
- -0.13%
- 1M
- -3.95%
- YTD
- 27.14%
- 6M
- 21.84%
- 1Y
- 12.91%
- 3Y*
- 36.10%
- 5Y*
- 10.93%
- 10Y*
- —
UVXY
- 1D
- -2.46%
- 1M
- -14.14%
- YTD
- -24.94%
- 6M
- -26.89%
- 1Y
- -71.73%
- 3Y*
- -62.37%
- 5Y*
- -66.99%
- 10Y*
- -73.90%
UCYB vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UCYB ProShares Ultra Nasdaq Cybersecurity | 27.14% | 9.41% | 28.84% | 68.85% | -55.15% | 27.53% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -24.94% | -65.32% | -50.90% | -87.70% | -44.81% | -87.73% |
Correlation
The correlation between UCYB and UVXY is -0.36, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | -0.51 |
The correlation between UCYB and UVXY shifts across timeframes, from -0.52 (5 years) to -0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UCYB vs. UVXY — Risk / Return Rank
UCYB
UVXY
UCYB vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cybersecurity (UCYB) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UCYB | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.83 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | -0.99 | +1.29 |
| Martin ratioReturn relative to average drawdown | 0.65 | -1.43 | +2.08 |
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Drawdowns
UCYB vs. UVXY - Drawdown Comparison
The maximum UCYB drawdown since its inception was -62.69%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for UCYB and UVXY.
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Drawdown Indicators
| UCYB | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.69% | -100.00% | +37.31% |
Max Drawdown (1Y)Largest decline over 1 year | -43.04% | -72.74% | +29.70% |
Max Drawdown (3Y)Largest decline over 3 years | -43.04% | -94.91% | +51.87% |
Max Drawdown (5Y)Largest decline over 5 years | -62.69% | -99.71% | +37.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -22.60% | -100.00% | +77.40% |
Average DrawdownAverage peak-to-trough decline | -27.38% | -98.75% | +71.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.92% | 50.54% | -30.62% |
Volatility
UCYB vs. UVXY - Volatility Comparison
ProShares Ultra Nasdaq Cybersecurity (UCYB) and ProShares Ultra VIX Short-Term Futures ETF (UVXY) have volatilities of 24.42% and 25.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCYB | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.42% | 25.55% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 43.72% | 66.08% | -22.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.88% | 84.93% | -34.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.24% | 103.95% | -53.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.71% | 112.35% | -62.64% |
UCYB vs. UVXY - Expense Ratio Comparison
UCYB has a 0.97% expense ratio, which is higher than UVXY's 0.95% expense ratio.
Dividends
UCYB vs. UVXY - Dividend Comparison
UCYB's dividend yield for the trailing twelve months is around 1.82%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
UCYB ProShares Ultra Nasdaq Cybersecurity | 1.82% | 1.90% | 2.16% | 0.56% | 0.00% | 0.91% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UCYB and UVXY have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (25.55%) compared to UCYB (24.42%). In terms of maximum drawdown, UCYB dropped -62.69% vs UVXY's -100.00%.
On 5-year performance, UCYB leads with 10.93% vs -66.99% for UVXY. On fees, UVXY is cheaper at 0.95% per year. On volatility, UCYB has been the lower-risk option at 24.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UCYB has performed better with a 10.93% return vs -66.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UVXY is cheaper with a 0.95% expense ratio, compared with 0.97% for UCYB.
UCYB has the higher dividend yield at 1.82%, compared with 0.00% for UVXY.
UCYB is categorized as Leveraged Equities, while UVXY is Volatility. UCYB tracks Nasdaq CTA Cybersecurity Index (200%), while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%). Their fees differ too: 0.97% for UCYB and 0.95% for UVXY.
UCYB currently has the higher Sharpe Ratio (0.25 vs -0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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